Greens Power Ltd.
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Greens Power Ltd. - overview
Established
1821
Location
-, -, UK
Primary Industry
Power & Utilities
About
Greens Power Ltd. is a UK-based company specializing in the design and manufacture of high-performance boiler equipment and waste heat recovery solutions, focusing on enhancing industrial energy efficiency. Founded in 1821 in Wakefield, UK, Greens Power Ltd. focuses on developing innovative energy solutions.
The company underwent a significant merger with Thornhill Group Ltd. in May 2019 to establish the Heat Exchange Group. The current leadership includes CEO Frank Ellis, alongside Hovhannes Hovsepyan and Peter Van Schaik. The company has completed 2 deals to date, with its most recent deal occurring on May 21, 2019.
Greens Power specializes in high-performance boiler equipment and waste heat recovery solutions. The product lineup includes economisers, flue gas coolers, superheaters, air heaters, heat exchangers, and various boiler components. These products are crucial for optimizing heat recovery processes in diverse sectors such as energy production, marine, pulp and paper, and biomass, serving markets in Europe, North America, and Asia. In 2023, Greens Power reported a revenue of GBP 16,953,818.
1 and an EBITDA of GBP -858,374. 8. The company operates on a B2B model, engaging in negotiated contracts for high-value equipment and services, contributing to an annual turnover exceeding GBP 40 million. Greens Power Ltd.
plans to launch new products aimed at enhancing energy efficiency, although specific release dates have not been disclosed. The company is targeting expansion into new markets in North America and Asia by the end of 2025. The merger with Thornhill Group Ltd. is expected to bolster their capabilities, allowing for more comprehensive service offerings in the energy sector.
Current Investors
Heat Exchange Group
Primary Industry
Power & Utilities
Sub Industries
Facilities & Maintenance Services, Power Generation Equipment & Services, Industrial Machinery
Website
www.greenspower.co.uk
Verticals
Manufacturing
Company Stage
Merged
Total Amount Raised
Subscriber access only
Greens Power Ltd. - financials
| Fiscal Year Ended | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Jun 30, 2020 | Jun 30, 2021 | Jun 30, 2022 | Jun 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 8,269,032 | 5,064,996 | 5,476,981 | 7,286,075 | 9,218,284 | 11,410,550 | 11,877,974 | - | 16,186,194 | - | - | - |
| % Revenue Growth (YoY) | - | (38.7%) | 8.1% | 33.0% | 26.5% | 23.8% | 4.1% | - | - | - | - | - |
| EBITDA (USD) | (1,850,173) | (452,721) | 262,844 | 614,668 | 1,248,661 | 1,099,886 | 400,901 | - | (1,369,176) | - | - | - |
| Operating Income (USD) | (2,010,097) | (602,136) | 118,012 | 485,803 | 1,144,389 | 996,295 | 221,668 | - | (1,732,417) | - | - | - |
| Operating Margin | (24.3%) | (11.9%) | 2.2% | 6.7% | 12.4% | 8.7% | 1.9% | - | (10.7%) | - | - | - |
| % EBITDA Margin | (22.4%) | (8.9%) | 4.8% | 8.4% | 13.5% | 9.6% | 3.4% | - | (8.5%) | - | - | - |
| NET Income (USD) | (2,011,664) | (603,729) | 117,721 | 485,212 | 1,141,096 | 994,867 | 220,677 | - | (1,736,721) | - | - | - |
| % Net Margin | (24.3%) | (11.9%) | 2.1% | 6.7% | 12.4% | 8.7% | 1.9% | - | (10.7%) | - | - | - |
Greens Power Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Merger | Completed | Greens Power Ltd., Thornhill Group Ltd | - | ||||||||
| Buyout | Completed | Greens Power Ltd. | - |
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